JEFFERSON CITY – To give financial relief to farmers losing crops to drought, Missouri State Treasurer Clint Zweifel authorized all Missouri counties for fast-tracked, low-interest loans through the Missouri Linked Deposit Program.
Zweifel’s authorization of the program follows yesterday’s designation by the U.S. Department of Agriculture of all Missouri counties as a natural disaster area. Farmers who apply can get emergency 24-hour approval of the Linked Deposit loans, which normally take 10 days.
Eligible counties are determined by Treasurer Zweifel using executive orders, disaster requests, State Emergency Management Agency and Federal Emergency Management Agency information and Agricultural Disaster Designations and Declarations.
“Missouri farmers are facing a very difficult year, as severe heat and a lack of rain are challenging crops and animals, forcing some farmers to make some hard decisions,” Zweifel said.
“The Missouri Linked Deposit Program can help these farmers get the low-interest capital they need to help them get through this tough year and ensure that the agricultural economy of Missouri stays strong.”